Kennett USDA Loan Rates, Closing Costs & Stats

Kennett, MO

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Kennett's 11 lenders originated 44 USDA loans during 2024. The total origination value was $5,090,000, with an average USDA loan value of $115,682.

Kennett USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Kennett averaged 0.45% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

Kennett's average USDA mortgage closing costs are $5,044.

The average rate for the prior week (2025-06-13) was 6.75% and one month ago for the week of 2025-05-16, the average rate was 7.01%.

The average rate one year ago was 7.23%.

For refis of the same type during the week of 2025-06-20, the average rate was 0%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Kennett USDA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Kennett level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
DAS Acquisition Company, LLC 27 6.89% $6,313
Flanagan State Bank 6 6.65% $6,278
Southern Bank 2 7.38% $3,790
First State Community Bank 1 6.88% $3,579
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $5,410
Gateway First Bank 1 6.75% $4,448
GUILD MORTGAGE COMPANY 1 7.13% $5,329
Members Mortgage Services, L.L.C. 1 6.13% $4,130
Paramount Residential Mortgage Group, Inc. 1 6.88% $4,987
Regions Bank 1 7.25% $5,757
EVERETT FINANCIAL, INC. 1 6.63% $6,604

The top Kennett USDA lender as defined by loan originations is DAS Acquisition Company, LLC, with 27 USDA loans originated. Their average total fees are $6,313, which is $35 higher than the next largest lender, Flanagan State Bank.

The lowest fee Kennett USDA lenders (with over 10 loans originated) are DAS Acquisition Company, LLC ($6,313), .

The lowest rate Kennett USDA lenders (with over 10 loans originated) are DAS Acquisition Company, LLC (6.89%), .